Corpay, Inc. (NYSE:CPAY) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers grew its holdings in Corpay, Inc. (NYSE:CPAY - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,811 shares of the company's stock after acquiring an additional 8,591 shares during the period. Rhumbline Advisers owned about 0.21% of Corpay worth $51,196,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Corpay by 38,235.3% during the first quarter. GAMMA Investing LLC now owns 559,696 shares of the company's stock worth $195,177,000 after purchasing an additional 558,236 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Corpay by 219.8% during the first quarter. Versant Capital Management Inc now owns 339 shares of the company's stock worth $118,000 after purchasing an additional 233 shares in the last quarter. First Hawaiian Bank grew its stake in shares of Corpay by 16.6% during the first quarter. First Hawaiian Bank now owns 7,696 shares of the company's stock worth $2,684,000 after purchasing an additional 1,095 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Corpay by 22.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 261 shares of the company's stock worth $91,000 after purchasing an additional 47 shares in the last quarter. Finally, 111 Capital acquired a new position in shares of Corpay during the fourth quarter worth $1,609,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Corpay Stock Performance

Shares of NYSE CPAY traded up $4.26 during midday trading on Thursday, reaching $331.14. 375,472 shares of the company were exchanged, compared to its average volume of 479,217. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. Corpay, Inc. has a 1 year low of $247.10 and a 1 year high of $400.81. The stock has a fifty day simple moving average of $323.40 and a 200 day simple moving average of $348.30. The stock has a market cap of $23.34 billion, a P/E ratio of 23.69, a PEG ratio of 1.32 and a beta of 0.98.

Corpay (NYSE:CPAY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $4.51 EPS for the quarter, beating analysts' consensus estimates of $4.50 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. Corpay had a net margin of 25.25% and a return on equity of 41.46%. The firm's revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.10 earnings per share. On average, research analysts forecast that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

CPAY has been the subject of a number of analyst reports. Raymond James reiterated an "outperform" rating and set a $414.00 target price (down previously from $417.00) on shares of Corpay in a research note on Wednesday, May 7th. UBS Group reduced their price target on shares of Corpay from $400.00 to $365.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Oppenheimer started coverage on shares of Corpay in a research report on Monday, April 28th. They issued a "market perform" rating for the company. Morgan Stanley boosted their price target on shares of Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Finally, Barclays reduced their price target on shares of Corpay from $440.00 to $400.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Corpay presently has an average rating of "Moderate Buy" and a consensus target price of $395.07.

Corpay Company Profile

Corpay, Inc operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards.